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Merkel and Sarkozy pledge to prevent the collapse of the banking
. In an environment marked by the inevitable restructuring of the Greek debt and the specter of a new European financial system crisis as TELN background, German Chancellor Angela Merkel and French President Nicolas Sarkozy committed in Berlin to promote a comprehensive package of measures to end the debt crisis and to enable the banking recapitalizacin.
But a leader of the legendary Franco-Alemn were unable to give details on the, buy darkfall gold, plan you intend to restore calm to the euro area and calm the markets, as opposed to investor doubts about the strength of the banking system to cope with difficulties. Merkel and Sarkozy took refuge behind the convenience to discuss their proposals in the framework of the G-20 summit to be held the days 3 and 4 November in, wow gold cheap, Cannes.
We are determined to dnd and support the bank because it is essential to provide a lasting exit slide and the debt crisis, Chancellor seal during a brief joint press conference. We decided to offer an answer by the end of the month, because Europe must solve its problems in G-20 summit, Sarkozy said on his part after promising a new, buying wow gold, vision of the continent.
To be specific, Merkel and Sarkozy announced, also without providing details, that would like to propose significant reforms of the treaties to prevent the Union back to suffer further financial crises and sovereign debt. Irn changes aimed at accelerating the Economic Co-ordination in the euro zone.
In his appearance, Merkel and Sarkozy to agree to send a powerful message subject and drive the rest of the continent, but whether the Franco-Alemn still enjoys good health and be able to break barriers and tab is to solve problems and prevent a new outbreak of fury of the Germans and Gauls taxpayers, a crucial aspect of Merkel and Sarkozy. In fact, the press conference was delayed an hour and cleared in ten minutes, which feeds the suspicion that a leader of the Franco-Alemn still have difficulties to agree.
Divergences
In the days prior to the meeting were leaked to The leaders differences regarding the solutions ms the best interest of the euro zone. The restructuring of the Greek debt, accompanied by a mean that up to 50% will have already been accepted by the Government after reaching Alemn conclusin that, ultimately, be cheaper (and safer Policy How tambinms) ending the slow agony of Greece rather than continue pumping money into a bottomless pit. Pars, however, flatly refuses to accept this formula, considering the French banking system much more vulnerable.
The recapitalizacin of banking is the other crucial actuacin to limit damages from the debt crisis and calm the markets. The IMF, which gave the first alarm signal, calculate the overall industry needs between 100,000 and 200,000 million euros.
The leaders of Germany and France are trying to prevent a collapse occurring in the European financial system, of equal or greater dimensin that occurred after the bankruptcy of Lehman Brothers. Angela Merkel merely remarked during the press conference that the two passes propose a reasonable supply of credit to troubled institutions.
But, according to these das has transcended the media, the chancellor, pragmtica and worried about polls that indicate that the majority of the population disapproves of the progestin in the debt crisis, insists that the bank should try to attract new funds into the markets and in the worst case, seek help from national governments. Only if both measures fail, the States may resort to the European rescue fund to inject liquidity into the banking system. Sarkozy, according to German sources, dnds the possibility of first instance to the Rescue Fund (EFSF).
Israel approves building 1,100 houses in occupied areas of Jerusalem. Jerusalem, Sept. 27 () .- The Commission of Planificacin Jerusalem District, under the Ministry of Interior has approved the construction of 1,100 homes in a southern suburb of the city View Full Article »
Solyndra executives testify about negarn federal loan. Washington, 20 sep () .- The chief executive of energy company Solyndra, which was launched as a model for the U.S. government before entering bankruptcy, negarna testify before Congress Friday about a pr Stamo 535 million federal dollars, local media reported today.
Both the president and CEO of Solyndra, Brian Harrison, as its chief financial officer, W. G. Stover, were summoned to a hearing this upcoming Friday before the Committee on, world of tanks power leveling, Commerce Energay the Chamber of Representatives on the loan granted in 2009 polmico.
But, according to CNN and the Californian newspaper "The Mercury News," both invocarn the Fifth Amendment to the U.S. Constitucin, which can not compel anyone to testify against himself s, contestarna and questions from lawmakers investigating the case of the loan, buy rift platinum, granted to the solar panel manufacturer.
Harrison's lawyers sent letters Stover to inform Congress today that both guardarn silent during the hearing Friday, said "The Mercury News."
Given the current situacin facing Solyndra, whose offices were raided by federal agents last September 8, "I had no opcinms to counsel the Lord Harrison invokes rights under the Fifth Amendment," said in a letter to the attorney Walter Brown of the law firm Orrick, Herrington and Sutcliffe.
Last week, however, told Committee members who had received guarantor that both executives pay Declaration at the hearing.
Solyndra, which declared bankruptcy earlier this month and laid off 1,100 employees, is the subject of separate investigations by the departments, Rift Power leveling, of Treasury Energay United States and the Federal Bureau of Investigation (FBI).
The Judiciary Committee chairman of the Chamber Baja, Lamar Smith, has called for an independent RESEARCH case, considering that it is necessary to determine whether, under pressure POLICIES, the favored Obama Administracin Solyndra, based in Fremont (California).
Solyndra's case, I received the loan with low interest rates Energa Department, gave credit to the oposicin Republican who has criticized the Economic measures have always been U.S. President Barack Obama.
Segna observers, the case may be Empa corrupcin appeals to the development of energy sources "clean" of Administracin President Obama, who sealed bean as a model Solyndra for government investment in these energy sources on a visit to the factory in 2010.
Today marks the traditional night race leaving from Dangers
. The traditional night race Sports Week Santander play tonight. The output for the two levels, a distance of 5 kilometers and a 10, has been located in the beach parking View Full Article »
